Power tariff to rise in India for blending imported coal: Minister




Indian minister for power and new and renewable energy R K Singh recently said power plants have been asked to blend 10 per cent imported coal to avoid blackout as domestic coal production is not enough, resulting in a power tariff rise by 60-70 paise per unit. This will affect the textile sector as the spinning industry’s power consumption is high.

This has to be done to avoid power shortage as domestic coal supply is unable to match the electricity companies’ demand for the dry fuel, Singh said.

Indian minister for power and new and renewable energy R K Singh recently said power plants have been asked to blend 10 per cent imported coal to avoid blackout as domestic coal production is not enough, resulting in a power tariff rise by 60-70 paise per unit. This will affect the textile sector as the spinning industry’s power consumption is high.

Singh said 20-25 million tonnes of coal can be imported this year for blending.

Energy consumption has jumped by about 25 per cent and peak demand has also risen by 15 per cent in the last 12 months, the minister said.

“Imported coal costs ₹17,000-18,000 per tonne while domestic coal price is about ₹2,000 per tonne. Due to this, it will result in a tariff rise of about 60-70 paise per unit,” Singh was quoted as saying by a news agency.

Singh was addressing the 75th foundation day of the Damodar Valley Corporation (DVC).

The government is pushing for renewable energy and has already achieved 41 per cent of the total installed capacity nine years ahead of the target of 2030. Currently, the total capacity is 4 lakh MW, he said.

Fibre2Fashion News Desk (DS)





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